Don't let your bank account go into the red

Signing petitions for payday loans

Image: flickr.com via helloturkeytoe

If you have ever applied for a payday loan in your home town, you can agree that it’s sometimes difficult to get out of the payday loan trap without some suffering. Many big banks want to take your rights away concerning short term loans. It would be impossible to wipe this service out completely but they are determined to try. So now, if you apply for a loan you have to sign some petition stating you will not support the government and there initiative against payday loans.

January 2010 is just the beginning!

This bill politicians have passed, is it for the people? Or is it for THE CEO’s of certain financial institutions? The bottom line is they want to keep American’s owing them. So anything that will help us not overdraw our bank accounts is an enemy of the institution. The lobbyists have no personal reason or need to meddle in our lives, but money talks and what Americans really need doesn’t matter when dollar signs are the focus. Maybe if the shoe was on the other foot these politicians and bankers wouldn’t of jumped on this bandwagon to take away our financial rights. Have these congress men and women ever been without? Many people have a hard time securing the basic necessities of life, and short term loans can mean life or death for some. Riches can have a negative effect on any one, and sometimes people can’t stop even when they know i! t’s wrong. … click here to read the rest of the article titled “Don't let your bank account go into the red“